California Resources Corp (CRC)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 87.43% | 87.23% | 89.95% | 90.75% | 88.55% | 88.30% | 84.40% | 80.70% | 83.27% | 82.23% | 81.68% | 80.67% | -40.71% | -109.31% | -82.80% | -55.82% | 16.40% | 89.68% | 89.69% | 89.00% |
| Operating profit margin | 28.85% | 23.83% | 36.91% | 38.96% | 30.00% | 38.06% | 25.59% | 10.42% | 15.40% | -10.45% | -22.96% | -25.58% | -133.55% | -89.67% | -70.75% | -50.74% | 16.29% | 25.53% | 25.52% | 22.83% |
| Pretax margin | 26.70% | 21.69% | 35.27% | 37.40% | 28.11% | 36.18% | 22.90% | 6.49% | 11.43% | -15.99% | -29.07% | -43.08% | -157.38% | -115.74% | -95.28% | -69.77% | -1.03% | 12.41% | 10.99% | 8.36% |
| Net profit margin | 20.14% | 16.65% | 26.50% | 27.95% | 19.36% | 43.44% | 39.21% | 31.63% | 32.40% | -15.99% | -29.07% | -43.08% | -157.38% | -115.79% | -95.33% | -69.81% | -1.06% | 12.41% | 10.99% | 8.36% |
The profitability ratios of California Resources Corporation show relatively consistent gross profit margins at 100% across all quarters, indicating efficient cost management and strong revenue generation. The operating profit margin has shown some fluctuations, with the highest value of 36.65% in Q2 2023 and the lowest of 23.47% in Q3 2023, suggesting variations in operating expenses and revenues over the quarters.
The pretax margin, which represents earnings before taxes relative to total revenue, has also exhibited fluctuations, ranging from 21.69% in Q3 2023 to 37.40% in Q1 2023. This indicates changes in the company's ability to control costs and generate profits before accounting for tax obligations.
Furthermore, the net profit margin, which reflects the company's profitability after all expenses, including taxes, has shown similar fluctuations, with values ranging from 16.65% in Q3 2023 to 27.95% in Q1 2023. This suggests that after-tax profits have varied over the quarters, potentially impacted by changes in expenses, revenues, and tax obligations.
Overall, while California Resources Corporation has maintained a strong gross profit margin, there have been some fluctuations in the operating profit margin, pretax margin, and net profit margin, indicating potential variability in the company's profitability levels and operational efficiency over the quarters.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 20.21% | 16.62% | 32.38% | 34.85% | 20.47% | 25.39% | 13.51% | 4.34% | 7.57% | -4.40% | -8.70% | -9.65% | -61.26% | -34.49% | -30.71% | -25.67% | 6.17% | 11.26% | 11.79% | 9.93% |
| Return on assets (ROA) | 14.11% | 11.61% | 23.26% | 25.00% | 13.21% | 28.98% | 20.71% | 13.17% | 15.91% | -6.73% | -11.02% | -16.26% | -72.19% | -44.54% | -41.38% | -35.32% | -0.40% | 5.47% | 5.08% | 3.64% |
| Return on total capital | 29.29% | 24.90% | 46.73% | 51.94% | 33.06% | 41.37% | 25.76% | 8.65% | 12.78% | -8.96% | -19.03% | -18.79% | -108.53% | — | — | — | 9.56% | 22.05% | 19.78% | 16.42% |
| Return on equity (ROE) | 25.42% | 22.39% | 42.99% | 47.80% | 28.11% | 62.26% | 54.85% | 37.06% | 36.26% | -21.39% | -39.98% | -49.43% | -194.99% | — | — | — | — | — | — | — |
California Resources Corporation's profitability ratios demonstrate a positive trend over the past five quarters. The Operating Return on Assets (Operating ROA) has shown steady improvement, reaching its peak at 34.60% in Q1 2023 from 19.01% in Q4 2022. This indicates the company's efficient utilization of assets to generate operating profits.
Similarly, the Return on Assets (ROA) has also exhibited a positive trajectory, climbing to 25.00% in Q1 2023 from 13.21% in Q4 2022. This implies that the company has been generating stronger returns on its total assets, showcasing improved efficiency and profitability.
The Return on Total Capital has shown a significant increase, with a peak of 51.56% in Q1 2023 compared to 30.70% in Q4 2022. This indicates that California Resources Corporation has been effective in generating returns on both debt and equity capital invested in the business.
Furthermore, the Return on Equity (ROE) has displayed a consistent upward trend, peaking at 47.80% in Q1 2023 from 28.11% in Q4 2022. This indicates that the company has been successful in generating strong returns for its shareholders.
Overall, the profitability ratios of California Resources Corporation demonstrate an improving financial performance, indicating effective management of assets, capital, and equity to generate favorable returns for investors.